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Share Price Information for Cust Prop Inc (CREI)

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Share Price: 72.00
Bid: 71.50
Ask: 71.80
Change: -0.10 (-0.14%)
Spread: 0.30 (0.42%)
Open: 70.90
High: 72.20
Low: 70.10
Prev. Close: 72.10
CREI Live PriceLast checked at -
Custodian REIT is an Investment Trust

To provide shareholders with an attractive level of income together with the potential for capital growth from investing in a diversified portfolio of commercial real estate properties in the UK.

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UK EARNINGS SUMMARY: Topps Tiles In Solid Start To New Year After Loss

Tue, 01st Dec 2020 11:56

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Topps Tiles PLC - Leicester-based tile retailer - Revenue in year ended September 26 falls 12% to GBP192.8 million from GBP219.2 million. Swings to pretax loss of GBP9.8 million from GBP12.5 million profit. Topps Tiles declares no dividend, after a 3.4 pence total dividend in financial 2019. Retail like-for-like revenue down 13% after a 0.6% climb in prior year. Says in first eight weeks of new year, retail like-for-likes up 20%.

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Ince Group PLC - Legal and professional services - Revenue in the six months ended September 30 rises 6.3% year-on-year to GBP48.2 million from GBP45.3 million. Swings to pretax profit of GBP1.8 million from GBP312,000 loss. Says performance was "strong performance given the impact of Covid-19".

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Custodian REIT PLC - commercial real estate investor - Net asset value per share at September 30, end of first half, down 8.7% year-on-year to 95.2p from 104.3p. Swings to negative NAV total return of 3.7% from positive 0.5% a year earlier. Declares total interim dividend of 2.0p per share, down 40% from 3.325p a year earlier but a third higher than the 1.5p minimum announced in April. Property portfolio value decreases to GBP532.3 million from GBP559.8 million at the end of March.

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Lindsell Train Investment PLC - investment trust with stakes in blue-chip firms such as Diageo PLC and Nintendo Co Ltd - Net asset value per share at September 30, end of first-half, up 3.4% year-on-year to GBP1,112.04 from GBP1,075.11. Reports NAV total return of 21%, beating benchmark's 2.0%.

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Honye Financial Services Ltd - Cayman Islands-based company seeking acquisitions in financial services and financial technology - Pretax loss in year ended July 31 narrows to GBP427,385 from GBP678,195 from date of incorporation on April 2018 to July 2019. Administrative expenses fall 40%. "We are optimistic but will approach any prospective companies to invest in or acquire with renewed caution," Honye says.

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Mercia Asset Management PLC - regionally-focused asset manager - Revenue in six months to September 30 rose 51% year-on-year to GBP8.4 million from GBP5.5 million. Pretax profit surges to GBP8.0 million from GBP2.1 million a year earlier. Total assets under management jump 78% to GBP872 million from GBP490 million a year earlier. Declares maiden interim dividend of 0.1p per share.

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Gooch & Housego PLC - Somerset-based optical components and systems maker - Revenue in year ended September 30 falls 5.5% to GBP122.1 million from GBP129.1 million. Pretax profit down 9.4% to GBP5.4 million from GBP6.0 million. Decides against interim payout, "in light of the increased global economic uncertainty" after 11.5p dividend in first half of financial 2019. "FY2020 profits were affected by temporary disruption to manufacturing and lower demand in some subsectors due to the COVID-19 pandemic," Chief Executive Officer Mark Webster says.

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Bilby PLC - London-headquartered gas heating, electrical and building services firm - Revenue in the six months to September 30 down 21% year-on-year to GBP23.4 million from GBP29.8 million. Swings to pretax loss of GBP192,000 from GBP711,000 profit. Says second quarter revenue was 54% higher than in quarter one, showing work was deferred and not lost amid Covid-19.

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Iomart Group PLC - cloud computing firm - Revenue in six months ended September 30 rises 2.1% annually to GBP56.3 million from GBP55.1 million. Pretax profit falls 28% GBP6.0 million from GBP8.4 million. Administrative expenses up 11% to GBP27.6 million from GBP25.0 million. Revenue rises reflects "contribution from the two smaller acquisitions made in the final month of the last financial year offsets some small decline in organic revenues, reflecting the impact of Covid-19 on discretionary on-premise projects together with a reduction in revenues from some legacy areas," Iomart says.

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OPG Power Ventures PLC - Indian power plant operator - Revenue in six months ended September 30 falls 54% to GBP36.1 million from GBP78.4 million a year earlier. Pretax profit rises 32% year-on-year to GBP12.8 million from GBP9.7 million. "I am proud to say that OPG is coming out from the COVID-19 pandemic as a stronger and more resilient company," Chair Arvind Gupta says.

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Corcel PLC - London-based natural resource exploration and development company - Pretax loss in year ended June 30 narrows to GBP1.5 million from GBP2.6 million and like last year, generates no revenue. Separately adds it will buy out remaining 50% interest in Weirs Drove Development Ltd for GBP900,000. Now 100% owner of Burwell battery storage project. "The company thanks Tim Dobson and Christian Yates for their significant efforts originating and maturing the Burwell Project. As future shareholders of Corcel, the board is also delighted to maintain Tim and Christian's support with both indicating that they are available to the company to assist with the funding of Burwell and origination of other sites as required," Corcel says, Dobson held 40% Burwell stake, while Yates had a 10% interest.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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13 Mar 2024 14:29

Custodian amends terms and reaffirms commitment to abrdn merger

(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday.

Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.

In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.

Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.

On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".

The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000.

Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.

Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".

Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.

In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.

Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Feb 2024 09:21

Urban Logistics given March deadline for making API decision

(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd.

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22 Feb 2024 14:23

UK dividends calendar - next 7 days

Friday 23 February 
abrdn Asian Income Fund Ltddividend payment date
abrdn Property Income Trust Ltddividend payment date
Capital Gearing Trust PLCspecial dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Ferrexpo PLCdividend payment date
Foresight Solar Fund Ltddividend payment date
Games Workshop Group PLCdividend payment date
Gooch & Housego PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
Impellam Group PLCspecial dividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Propertiesdividend payment date
RWS Holdings PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Victrex PLCdividend payment date
Monday 26 February 
Dewhurst Group PLCdividend payment date
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Tuesday 27 February 
JPMorgan UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 28 February 
Canadian General Investments Ltdex-dividend payment date
CQS New City High Yield Fund Ltddividend payment date
PetroTal Corpex-dividend payment date
Thursday 29 February 
abrdn Equity Income Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
Ashmore Group PLCex-dividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Barclays PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
City of London Investment Group PLCex-dividend payment date
City of London Investment Trust PLCdividend payment date
Compass Group PLCdividend payment date
Custodian Property Income REIT PLCdividend payment date
Diageo PLCex-dividend payment date
Diverse Income Trust PLCdividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Driver Group PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Fair Oaks Income Ltdex-dividend payment date
Fair Oaks Income Ltd Realisation ex-dividend payment date
Gabelli Merger Plus+ Trust PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat UK Wind PLCdividend payment date
Hargreaves Lansdown PLCex-dividend payment date
Hays PLCex-dividend payment date
Henderson International Income Trust PLCdividend payment date
HICL Infrastructure PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
LondonMetric Property PLCex-dividend payment date
MJ Gleeson PLCex-dividend payment date
Mobeus Income & Growth 2 VCT PLCex-dividend payment date
NB Private Equity Partners Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCex-dividend payment date
Picton Property Income Ltddividend payment date
Plus500 Ltdex-dividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Regional REIT Ltdex-dividend payment date
Riverstone Credit Opportunities Income PLCex-dividend payment date
Scottish American Investment Co PLCex-dividend payment date
Sequoia Economic Infrastructure Inc Fund Ltddividend payment date
SSP Group PLCdividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltddividend payment date
Tharisa PLCex-dividend payment date
UK Commercial Property REIT Ltddividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Wilmington PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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20 Feb 2024 13:55

UK shareholder meetings calendar - next 7 days

Wednesday 21 February 
Foresight Sustainable Forestry Co PLCAGM
Gooch & Housego PLCAGM
Tharisa PLCAGM
Thursday 22 February 
Bankers Investment Trust PLCAGM
Narf Industries PLCAGM
RWS Holdings PLCAGM
Sunrise Resources PLCAGM
Friday 23 February 
Blencowe Resources PLCAGM
Bluebird Merchant Ventures LtdAGM
Caledonian Trust PLCAGM
Chemring Group PLCAGM
Marble Point Loan Financing LtdEGM
Monday 26 February 
Oncimmune Holdings PLCAGM
Tuesday 27 February 
abrdn Diversified Income & Growth PLCAGM
Asian Energy Impact Trust PLCGM re annual accounts
Custodian Property Income REIT PLCGM re merger with abrdn Property Income Trust Ltd
JPMorgan Mid Cap Investment Trust PLCGM 2nd re merger with JPMorgan Mid Cap
LondonMetric Property PLCGM re merger with LXi REIT Plc
Victorian Plumbing Group PLCAGM
Vinanz LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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13 Feb 2024 19:46

IN BRIEF: Custodian Property Income non-executive directors buy shares

Custodian Property Income REIT PLC - London-based investor in smaller regional UK properties - Non-Executive Director David MacLellan buys 144,500 shares, worth GBP101,000. Non-Executive Director Chris Ireland buys 72,155 shares, worth GBP50,000. Non-Executive Director Malcolm Cooper buys 70,300 shares, worth GBP50,000.

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12 Feb 2024 08:23

TOP NEWS: FTSE 250 property firms agree merger in latest consolidation

(Alliance News) - Tritax Big Box REIT PLC on Monday said UK Commercial Property REIT Ltd has agreed to an all-share takeover offer to create the UK's fourth largest real estate investment trust by market capitalisation, at nearly GBP4 billion.

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7 Feb 2024 10:39

TRADING UPDATES: Inteligo stock enters US market, Kenmare gets new RCF

(Alliance News) - The following is a round-up of trading updates for London-listed companies, issued on Monday, Tuesday and Wednesday, and not separately reported by Alliance News:

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22 Jan 2024 12:03

In BRIEF: Custodian Property Income sells industrial unit at premium

Custodian Property Income REIT PLC - Leicester, England-based real estate investment trust focused on smaller, regional properties - Sells industrial unit in Milton Keynes for GBP8.0 million, a 9.5% premium to the September 30 valuation. Richard Shepherd-Cross, managing director of the company's external fund manager says: "During our nine years of ownership, we were able to generate a healthy and growing level of income from this asset. We made the decision to crystallise a profit for our shareholders, and we expect to use the sale proceeds towards repaying the company's existing revolving debt facility. This will further reduce our interest costs and allow the company to fund future improvements to the remaining portfolio."

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19 Jan 2024 16:57

CORRECT: European stocks toil; bullish trade in New York

(Correcting index and share price moves.)

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19 Jan 2024 16:53

LONDON MARKET CLOSE: European stocks toil; bullish trade in New York

(Alliance News) - London's FTSE 100 ended with a minor gain on Friday, but registered its third-successive weekly loss, as investors dialled back their US interest rate cut bets on the back of robust recent data.

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19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

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19 Jan 2024 11:59

IN BRIEF: Mattioli Woods hails potential Custodian-abrdn REIT merger

Mattioli Woods PLC - Leicester, England-based specialist wealth and asset management business - Notes the proposed merger of Custodian Property Income REIT PLC and abrdn Property Income Trust Ltd. A subsidiary of Mattioli Woods, Custodian Capital Limited, serves as an investment manager to Custodian Property, and the company said that it will continue to act for the enlarged real estate investment trust following completion of the merger. Mattioli claims the merger would create a combined portfolio of over 200 assets worth around GBP1.0 billion, which has the potential to increase the annual revenues for its subsidiary by around GBP1.7 million.

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19 Jan 2024 10:47

Abrdn Property Income Trust agrees merger with Custodian Property Income

(Sharecast News) - Abrdn Property Income Trust (API) announced a recommended all-share merger agreement with Custodian Property Income REIT (CREI) on Friday.

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19 Jan 2024 09:59

SMALL-CAP WINNERS & LOSERS: Wincanton surges on French takeover offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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19 Jan 2024 08:42

TOP NEWS: Another abrdn trust absorbed in Custodian Property merger

(Alliance News) - Custodian Property Income REIT PLC and abrdn Property Income Trust Ltd on Friday said they have agreed to an all-share merger to create a real estate investment trust with combined assets of GBP1.0 billion.

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